Traders, I am not worried yet. In fact, if anything, I have become more bullish. But there are some key items we have to watch on these charts tomorrow, through the weekend, and into next. I'm going to show you what they are. Stew ----- Content ----- 00:10 - Intro 01:15 - Bitcoin Chart 03:00 - The Dollar 04:27 - The VIX 04:40 - US500 08:15 - Bitcoin 10:50 -...
Traders, Solana has hit it’s previous inverse H&S neckline for a classic retest and should bounce soon provided BTC maintains its position above 25,300 tomorrow. Position = SOL Direction = long Entry = 14.47 Stop Loss = 12.88 Take Profit(s) = 200 ma/19.61-19.65 Risk/Reward = 3.37/1 Best, Stew
Traders, Admittedly, taking another risky trade here. But after (3) three long months of waiting, Bitcoin has finally hit my projected neckline retest and I had to take this trade: Position = BTC Direction = long Entry = 25073 Stop Loss = 23400 Take Profit(s) = 30500 Risk/Reward = 3/1 Best, Stew
Traders, I’ll be honest. Risky trade long here. With the SEC suing Binance/Coinbase and the Ripple suit yet to be settled, plus BTC is currently under my $25,300 neckline, the following is a risky trade. But I am taking it: Position = xrp Direction = long Entry = .4769 Stop Loss = .44 Take Profit(s) = .66 Risk/Reward = 5/1 Leverage = NONE Profit Potential =...
Traders, Over 90% of the market is currently pricing in a FED rate pause tomorrow, but beware, the market often moves towards the point of maximum pain. My charts are showing we are at a critical point of resistance as I type this post. The bulls are going to have to conquer 4,370 and confirm it on the daily to convince me that the they are not out of steam just...
Traders, We woke up this morning with a bloody mess in the Altcoins space although Bitcoin and Ethereum both held critical levels and, believe it or not, I remain bullish on. Let's take a look at these charts and talk about what occurred. Are there any altcoins even worth entering? Which ones? What are some good entry areas? Stew
Traders, This week we'll focus on the altcoins. How are they fairing? Is there more downside? How much FUD will the SEC's lawsuits against Coinbase and Binance cause? And can the lawsuit actually be looked at in a positive light for the crypto community? The quick answer to that last question is a quick "yes". I'll explain more at the end of this weeks crypto...
Traders, I will accept our wick down today to a price of 25,300 as a touch of the neckline from the Cup and Handle pattern. For months, I have been expecting this retest at 25,200. I think 25,300 is good enough! Now we go up. If you follow my channel, you will see a future post regarding the top 6 altcoins I am currently looking for long entries in should we...
Position = APE Direction = long Entry = 2.86 Stop Loss = 2.49 Take Profit(s) = 4.22 OR 200 DAY Risk/Reward = 3.5/1 Sitting on solid support rn and RSI nearing oversold.
Traders, Legalized mafia (the SEC) have attacked crypto once again. But crypto remains strong, resistant, and resilient. This time will be no different. In fact, from a technical standpoint, as long as we can remain above BTC 25,200, I will be as bullish as ever. Let's take a look how the SEC's lawsuit against Binance might impact crypto. Stew
Traders, SAND is in prime position to move even higher than it already has these past few weeks. I haven't entered this trade yet but may soon pending these occurrences: I want to see a move above the 200 day ma with confirmation I want to see a break above the red descending TL I want to see a move above the Ichimoku cloud What we have: A breakout...
Traders, As debt ceiling issues appear to be being resolved, the market is becoming even more bullish. Fear (VIX) is dropping to multi-year lows, the dollar continues its longer-term drop, and the stock markets are popping with several breakout signals. What does this mean for our crypto space? Let's take a closer look. Stew
Traders, One more negative indicator has been eliminated. You'll remember that in yesterday's post I pointed out this gap created a couple of days ago. 99% of all gaps are filled, and they are usually filled sooner rather than later. To have our gap to the downside filled so quickly is rather bullish IMO. We now have a new pivot high on our daily charts on...
Traders, Though my post yesterday reflected more bullish sentiment, I would be remiss not to acknowledge a few of the contrarian indications that I am also spotting on various charts which suggest we could still experience more of a drawback in crypto before Bitcoin crosses to the topside of that all-pervasive $30,500 resistance overhead. Let’s take a look at a...
Traders, As you will read from my previous posts, the signal seems to be given on the Bitcoin chart to go long. Therefore, I will begin to acquire larger cap altcoins, followed by medium cap. Then small. The blow-off top that I have been calling for now over a year appears to be manifesting with reckless U.S. government expenditure. The dollar should drop over...
Traders, With this close today above our black descending trend line, it was enough of a signal for me to make a long purchase on BTC. My SL will be 27k at this time. And my overall target will be somewhere around 37k (pending price, time, pattern - as it develops). As you know, I have been calling for a blow off top in the U.S. stock market for more than a...
Traders, Happy Memorial Day to my U.S. friends. A couple of noticeable updates on our Bitcoin chart here as a debt ceiling deal looks to have been struck. First, let's start at the bottom of our chart here. We have broken to the topside of the channel we have made and have been mostly in/under since Jan. of this year. This is bullish! Next, I mentioned in my...
Traders, I bring you another weekend market update. We'll discuss what the charts are telling us from a technical analysis perspective. Are there clues that the debt ceiling issues will be resolved? Can we obtain clues from our charts? Let's find out. Stew
